/biz/ - Business & Finance

>>28264754
where is this idea that bayhorse was faking ore coming from? was it that vid with the scoop tram moving material in a covered tent?

>>27575192
i am not a financials guy i only look at the companies based on their ground an management. Its up to you to figure that part out. With silver at current prices their making a little money, but if silver was in the 30-35$ area they would be doing very well.

>>27432118
yep same here, its brought up every time we do the underground mine fire safety courses. Terrible tragedy.
>>27432240
Bayhorse Silver currently operates the Bayhorse small scale high grade silver mine in Idaho, and holds mineral claims to the Brandywine Au/Ag property near Whistler BC. They were also recently involved in a gold project near Harrison Lakes BC but backed out of the deal after it became apparent the project was getting nowhere, and shifted focus to maximizing potential at the Bayhorse mine. The Bayhorse mine is hosted in meta sedimentary rocks, ore is hosted by VMS and higher grade silver enriched quartz veins. The previous operators chased only the highest grade ore and ignored material that Bayhorse is currently expanding on. Bayhorse just began underground diamond drilling at the mine, and expect to use this to trace the richer vein structures which are difficult to follow due to geologic conditions which I can expand if needed. The bayhorse mine has an onsite small scale high grade bi metallic mill and concentration plant, allowing the company to generate its own concentrate or bullion if required. I believe that Bayhorse will do fine, they had troubles before but are seemingly on track. I will continue to monitor the operations.

>>26962537
yes potential, thats the word here. Not meaning to fud or anything but they still have a long ways to go before they reach the big leagues of mining. They did just start underground drilling at their Bayhorse mine too, thats a great sign that their on the right path.

>>25525120
we have talked a lot about them before but heres some bullet points
>has a debt problem
>management is too small to coordinate multiple projects at once
>An operating mine but on a scale currently not profitable without upgraded equipment or staff

These can all be sorted out with work but it means that Bayhorse wont be at its full potential til these are rectified.